TEMPO/Reliance Invests US$ 10 Billion

TEMPO Interactive, Jakarta:Indian company the Reliance Group, plans to invest Rp10 billion in three sectors. Investment Coordination Board (BKPM) chief Gita Irawan Wirjawan said Reliance was interested in the mining, infrastructure and power plant. The company is projected to take over a coal mine in South Sumatra.

Transportation Minister Freddy Numberi said the government had offered the Semarang-Surabaya double track project and the Manggarai-Bandara Soekarno-Hatta Airport track. “The Manggarai track will be offered in the form of a government-private company cooperation,” he said.